The 'AAA' rating on Southern California Home Finance Authority's Fannie Mae collateralized multifamily housing revenue bonds series 1996B, issued for the Hampton Square project, has been affirmed. The bonds are secured by a Fannie Mae mortgage pass-through certificate. Other rating factors include: The sufficiency of revenues from the mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Investments held pursuant to a money market fund with 'AAAm' First American Treasury Obligation Class Y, and An asset-to-liability ratio of 100.5% as of Aug. 29, 2003. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of a Fannie Mae mortgage pass-through certificate,
